Company Summary
| Tradona MarketsReview Summary | |
| Registered On | 2022-04-20 |
| Registered Country/Region | Saint Lucia |
| Regulation | FinCEN |
| Market Instruments | Forex CFD, Gold & silver CFD, Stock indices CFD, and Commodities CFD |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| Spread | From 0.1 pips |
| Trading Platform | MetaTrader 5 & cTrader (Desktop and Mobile) |
| Min Deposit | $10 |
| Customer Support (24/7) | support@tradonamarkets.com |
| Instagram, LinkedIn, Telegram, Facebook | |
| Office 106, Smirnis 25, Kaimakli, Nicosia, Cyprus,1026 | |
Tradona Markets Information
Tradona Markets is an international CFD broker covering multiple financial markets such as cryptocurrencies, stocks, commodities, and indices. The platform uses the STP (Straight-Through Processing) model, routing trading orders directly to liquidity providers. Meanwhile, it offers users two major trading platforms, MetaTrader 5 and cTrader, which cater to the usage habits of different traders on both desktop and mobile devices.
Pros and Cons
| Pros | Cons |
| MT5/cTrader available | cTrader Copy limitations (no stock trading replication) |
| Diverse account types | No 24/7 customer support |
| Spread as low as 0.1 pips | |
| Leverage up to 1000x |
Is Tradona Markets Legit?
Tradona Markets is regulated under the Financial Crimes Enforcement Network (FinCEN), a U.S. government agency responsible for combating money laundering and financial crimes. Its FinCEN registration number is 31000302067765.
What Can I Trade on Tradona Markets?
Tradona Markets offers various trading instruments, including Forex CFD, Gold & Silver CFD, Stock Indices CFD, and Commodities CFD.
| Tradable Instruments | Supported |
| Forex CFD | ✔ |
| Gold & silver CFD | ✔ |
| Stock indices CFD | ✔ |
| Commodities CFD | ✔ |
Account Type
Tradona Markets offers multiple account types, including the T-Standard Account and T-Pro Account. The T-VIP Account is coming soon, with a minimum deposit of $5,000. It provides raw spreads, a commission starting at $4 per lot, and is specially designed for high-net-worth investors.
| Account Type | T-Standard Account | T-Pro Account |
| Minimum deposit | $10 | $100 |
| Spread | From 0.9 Pips | From 0.1 Pips |
| Commission | No commission | From $4 Per Lot |
| Maximum leverage | 1:1000 | 1:1000 |
| Instruments | Forex, Indices, Gold, Silver, Commodities | Forex, Indices, Gold, Silver, Commodities |
Tradona Markets Fees
Different account types have different spreads. The T-Standard Account has spreads starting from 0.9 pips with no commission. The T-Pro Account offers spreads as low as 0.1 pips, and both the T-Pro Account and the upcoming T-VIP Account charge a commission starting from $4 per lot. Spreads also vary across different trading instruments.
Leverage
| MAX LEVERAGE | EQUALITY | CCOUNT TYPE |
| 1:1000 | $20K | Standard |
| 1:200 | $20K-$50K | Premium |
| 1:50 | $50K | VIP |
Trading Platform
Tradona Markets offers MetaTrader 5 and cTrader, which are compatible with desktop and mobile devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop and Mobile | Experienced Traders |
| cTrader | ✔ | Desktop and Mobile | All |
Deposit and Withdrawal
The minimum deposit is $10. The platform supports multiple deposit methods, including cryptocurrencies, VISA/MasterCard, local bank transfers, etc., with instant fund availability upon deposit. Withdrawals are processed within 24 hours and do not incur any fees. It supports 8 currencies, such as USD, EUR, and THB. Deposits and withdrawals must be made through bank accounts in the same name as the registered account to ensure fund security.
Copy Trading
cTrader Copy is a featured copy trading service on the platform, allowing users to choose to follow top strategy providers and automatically replicate trades through an Equity-to-Equity ratio replication model.
annlim831
Malaysia
Frequent stuttering, severe slippage is common during market fluctuations.
Exposure
FX2898763245
Malaysia
Currently, the withdrawal process and user experience are quite good.
Neutral
FX1518667510
Ecuador
Tradona Markets offers an enticing leverage of 1:1000, but it's essential to tread carefully. I opened an account swiftly, but soon faced significant losses due to the high leverage. It's important to remember, higher leverage can lead to bigger profits but also potential for large losses. Customer support was tougher to reach than a mountaintop amidst a storm.
Neutral
Max Lewis
Netherlands
The advertised spreads and fees seemed deceptive too. I was paying much higher rates per trade vs their claims and competitors. Felt misled. Excessive slippage was also a big issue. Had multiple trades slip over 50 pips during news events, cost me hard. I'd suggest looking elsewhere to save your time.
Neutral